Bitcoin Exchange Huobi plans to open an Office in USA

Earlier, one of the largest China-based cryptocurrency exchanges named Huobi is all set to expand as company is planning to provide their services in USA. In a statement given by the Chief strategy officer Cai Kailong during U.S. –China blockchain conference, said that he came to the U.S. before a week to help set it up.

Cai was very positive about their strategy, stating that, huobi will try to grow internationally and the U.S. will be their focus at present. A representative for Huobi stated that the company is building a new head office in the Silicon Valley area, describing this push as a fast-paced one. However he did not give any more information about the office’s purpose.

Last year, Huobi paused services related to trade yuan based cryptocurrency pairs due to strict actions imposed on cryptocurrency exchanges all over the country by Chinese government and shifted business to overseas in order to resume and allow users to trade crypto-to-crypto pairs.

The U.S. office would spot it’s another foot in Huobi’s offer to expand internationally. And in the last month, to offer yen-based services, Huobi declared its partnership with the investment company SBI Group to introduce a pair of cryptocurrency exchanges in Japan.

SBI Virtual Currencies and Huobi Japan have not declared any fix timelines for their particular launches but they were confirmed in a cooperation agreement which has been signed by Huobi chairman Li Lin and SBI Group chairman Beiwei Kitao. And the recent updates also say that Huobi is launching its own token, but the company denied its plan to organize an initial coin offering.